Glanbia Acquires U.S. Beverage Maker, Co-Packer For $60M
Fitchburg, WI - Glanbia plc has acquired Aseptic Solutions, Inc., (ASI), a California-based manufacturer of premium shelf-stable, high-acid beverages made with aseptic technology for $60 M. The acquisition is aligned with Glanbia's nutritionals growth strategy and will strengthen Glanbia Nutritional Ingredient Technologies by expanding its end-to-end solutions capability as an ingredients supplier, formulator and end product manufacturer.
ASI was founded in 2004 and is a manufacturer and co-packer of nutritional and dietary beverages including vitamin shots, protein shakes and 100% natural fruit juices. Its technology is designed to manufacture a better-tasting and longer-lasting product and allows the processing and packaging of liquid foods to be safe, fresh and flavorful without the use of preservatives.
“The acquisition of Aseptic Solutions will expand our ability to serve our beverage customers with end to end solutions, from concept to formulation to end product manufacture," said Jerry O’Dea, president and CEO of Glanbia Nutritionals Ingredient Technologies. “With this new capability, along with our extensive portfolio of nutritional and functional ingredients, manufacturing expertise and legacy of innovation, we are well positioned to help our customers grow and expand their business."
SOURCE: Glanbia plc